Sandvik acquires three US-based CAM resellers

Rhea-AI Summary

Sandvik (SDVKY) has acquired three US-based Computer Aided Manufacturing (CAM) resellers: ShopWare, MCAM Northwest, and OptiPro Systems' CAD/CAM solutions business line. These acquisitions, which will be part of business unit Mastercam under Sandvik Manufacturing and Machining Solutions, represent the company's fourth and fifth CAM reseller acquisitions since 2024, following Cimquest and FASTech.

The three newly acquired businesses serve different US regions: ShopWare in the Midwest, MCAM Northwest in the Pacific Northwest, and OptiPro Systems in Upstate New York. The acquisitions will bring 32 employees to Mastercam and had a combined annual revenue of approximately USD 10 million in 2024. The transactions are expected to have a slightly positive impact on Sandvik's EBITA margin and earnings per share.

Positive

• Combined annual revenue of USD 10 million from acquired businesses
• Expected positive impact on EBITA margin and earnings per share
• Strategic expansion of CAM market presence in three US regions
• Addition of 32 experienced employees to strengthen operational capabilities

Negative

• None.

STOCKHOLM, Feb. 3, 2025 /PRNewswire/ -- Sandvik has acquired ShopWare, MCAM Northwest and the CAD/CAM solutions business line of OptiPro Systems, three US-based resellers of Computer Aided Manufacturing (CAM) solutions in the Mastercam network. With these businesses, Sandvik continues to strengthen its position in the CAM market and further builds on its capabilities to serve customers and expand the customer base. The acquisitions will be a part of business unit Mastercam and will be reported within business area Sandvik Manufacturing and Machining Solutions.

Including these acquisitions, Sandvik has now acquired five CAM resellers since 2024. In March, Sandvik acquired Cimquest, one of the largest resellers in the Mastercam network, and in January 2025 Sandvik acquired the assets of FASTech.

"These businesses strengthen our regional presence and our ability to help our customers, and they are a strong fit with our strategy to grow within digital manufacturing," says Stefan Widing, President and CEO of Sandvik.

ShopWare is headquartered in Elgin, Illinios, and serves manufacturing customers in the Midwest region of the US. MCAM Northwest is headquartered in Oregon City, Oregon, and serves the Pacific Northwest region, and OptiPro Systems is headquartered in Ontario, New York, serving the Upstate New York region. A total of 32 employees will transfer to Mastercam as a result of the acquisitions. The acquired businesses had a combined annual revenue, net, of around USD 10 million in 2024. The impact on Sandvik's EBITA margin and earnings per share will be slightly positive. The parties have agreed not to disclose the purchase price.

Stockholm, February 3, 2025

Sandvik AB

For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008

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Sandvik acquires three US-based CAM resellers

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SOURCE Sandvik

FAQ

What is the combined revenue of the three CAM resellers acquired by SDVKY in 2024?

The three acquired CAM resellers had a combined annual revenue of approximately USD 10 million in 2024.

How many CAM reseller acquisitions has SDVKY completed since 2024?

Sandvik has completed five CAM reseller acquisitions since 2024, including Cimquest, FASTech, and the three recent acquisitions (ShopWare, MCAM Northwest, and OptiPro Systems' CAD/CAM business).

How many employees will join SDVKY from the three acquired CAM resellers?

A total of 32 employees will transfer to Mastercam as a result of the acquisitions.

What is the expected impact of these acquisitions on SDVKY's financial performance?

The acquisitions are expected to have a slightly positive impact on Sandvik's EBITA margin and earnings per share.

Which US regions are covered by SDVKY's newly acquired CAM resellers?

The acquired businesses cover the Midwest (ShopWare), Pacific Northwest (MCAM Northwest), and Upstate New York (OptiPro Systems) regions.